December 16, 2013

Great Expectations for Chile's New President

Gideon Long, BBC News

The Associated Press

Winning Chile's presidential election was pretty easy for Michelle Bachelet. She led the contest from the start and never faced much of a challenge from her bickering centre-right opponents. The hard part will start in March when she takes office. Ms Bachelet will inherit a country with an economy that grew by 5.6% last year. Unemployment is low and inflation is under control. But things are likely to get worse. The growth rate is expected to ease to 4.2% this year and the central bank warns it might drop below 4% in 2014.

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TAGGED: Chile, Latin America, Michelle Bachelet

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